Benjamin Fernandes, Founder of Nala

About Benjamin Fernandes

Benjamin Fernandes is a Tanzanian technology entrepreneur and the founder & CEO of Nala, a fintech company launched in 2018 to enable cross-border money transfers from the diaspora to East Africa. He led Nala to become the first East African company accepted into Y Combinator and raised over $50 million in venture funding from investors including Accel, Acrew Capital, and Bessemer Venture Partners. Under his leadership, Nala operates entities in seven countries and has achieved profitability.

Benjamin Fernandes at a glance

• Company: Nala
• Total raised: $50M
• Latest round: Series A
• Investors: Accel, Y Combinator, Amplo, Bessemer Venture Partners, Acrew Capital, DST Global
• Location: Nairobi, Kenya

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